High-performance Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High-performance Adhesives Market Analysis
The market for High-performance Adhesives is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is the growing demand for high performance adhesives in asia-pacific region.
- On the flipside, stringent environmental regulations and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of market.
- Asia-Pacific region dominated the market across the globe with the largest consumption from countries such as China, India and Japan.
High-performance Adhesives Market Trends
This section covers the major market trends shaping the High-performance Adhesives Market according to our research experts:
Increasing Demand from Healthcare Sector
- Healthcare industry is one of the major end-user of the high performace adhesives. The medical sector consumes high-performance adhesives in both skin applications and non-skin applications. With a growing elderly population and increasing focus on sophisticated health care procedures, the medical segment of the high-performance adhesives market is expected to increase at a swift rate.
- Additionally, the United States had the largest market for medical devices, globally, followed by Japan, China, and countries in the rest of the world, in 2019.
- The growing population, greater prevalence of chronic diseases, and major technological innovations have been driving the global healthcare industry.
- The global healthcare spending is expected to increase at an annual rate of around 5.4% during 2018-2022, with the per-person healthcare expenditure being the highest in the United States, currently at around USD 11,674.
- Furthermore, the increasing healthcare expenditure in the developing countries, is expected to increase the demand for the medical devices. The growing healthcare industry is thus expected to drive the market for high performance adhesives in the upcoming years.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region dominated the global market share for the high performance adhesives market owing to the demand from packaging industry, health sector and building & construction. In Asia-Pacific, China is the largest economy, in terms of GDP. In 2019, the country witnessed about 6.1% growth in its GDP, despite having trade disturbance, caused due to its trade war, with the United States
- In addition to it, the increasing population in China is consuming products, such as food, beverages, and pharmaceuticals, at a rapid pace. This is rising the demand for packaging solutions that are convenient and portable. The Chinese packaging industry is expected to grow at a rate of 5.9% per year till 2020.
- Moreover, industries such as food and beverage, cosmetics, and consumer goods are continuously seen innovating new products, increasing production, and resorting to attractive packaging materials in order to attract customers.
- Also, in India, the increasing demand for packaged foods and other packaging applications is in turn boosting the demand for high performance adhesives used in the packaging sector. For instance, in India, packaging is one of the fastest-growing industries, with an annual growth rate of 15%-20%. Currently, packaging represents the fifth-largest sector in the country's economy. The sector has witnessed a steady growth over the past several years, and it is expected to rapidly expand, particularly in the export sector.
- Hence, such market trends are expected to drive the growth of the high performance adhesives market in the region during the forecast period.
High-performance Adhesives Industry Overview
The High-performance Adhesives market is fragmented in nature. Some of the major players in the market include Huntsman International LLC, MAPEI S.p.A, 3M, Sika AG, and Illinois Tool Works Inc., among others.
High-performance Adhesives Market Leaders
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Illinois Tool Works Inc.
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MAPEI S.p.A.
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3M
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Sika AG
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Huntsman International LLC
*Disclaimer: Major Players sorted in no particular order
High-performance Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for High Performance Adhesives in Asia-Pacific Region
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Resin Type
- 5.1.1 Epoxy
- 5.1.2 Polyurethane
- 5.1.3 Acrylic
- 5.1.4 Silicone
- 5.1.5 Other Resin Types
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5.2 Technology
- 5.2.1 Solvent-based
- 5.2.2 Water-based
- 5.2.3 Hot-melt
- 5.2.4 UV Curable
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5.3 End-user Industry
- 5.3.1 Transportation
- 5.3.2 Packaging
- 5.3.3 Electrical and Electronics
- 5.3.4 Building and Construction
- 5.3.5 Healthcare
- 5.3.6 Other End-user Industries
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 AVERY DENNISON CORPORATION
- 6.4.3 Bostik USA
- 6.4.4 Dymax Corporation
- 6.4.5 Henkel Corporation
- 6.4.6 Hexcel Corporation
- 6.4.7 Huntsman International LLC
- 6.4.8 Illinois Tool Works Inc.
- 6.4.9 MAPEI S.p.A
- 6.4.10 Master Bond Inc.
- 6.4.11 Sika AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityHigh-performance Adhesives Industry Segmentation
The High-performance Adhesives market report includes:
| Resin Type | Epoxy | |
| Polyurethane | ||
| Acrylic | ||
| Silicone | ||
| Other Resin Types | ||
| Technology | Solvent-based | |
| Water-based | ||
| Hot-melt | ||
| UV Curable | ||
| End-user Industry | Transportation | |
| Packaging | ||
| Electrical and Electronics | ||
| Building and Construction | ||
| Healthcare | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
High-performance Adhesives Market Research FAQs
What is the current High-performance Adhesives Market size?
The High-performance Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in High-performance Adhesives Market?
Illinois Tool Works Inc., MAPEI S.p.A., 3M, Sika AG and Huntsman International LLC are the major companies operating in the High-performance Adhesives Market.
Which is the fastest growing region in High-performance Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High-performance Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in High-performance Adhesives Market.
What years does this High-performance Adhesives Market cover?
The report covers the High-performance Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High-performance Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High-performance Adhesives Industry Report
Statistics for the 2024 High-performance Adhesives market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. High-performance Adhesives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
